“Health and beauty consumers are actively seeking science-based innovation to improve their skin.”

In July 2016, Cilag, an affiliate of Johnson & Johnson, signed a long-term strategic collaboration agreement to distribute Ci:z’s brands outside of Japan.

Under this collaboration, Cilag acquired around 19.9% of the outstanding shares of the Japanese firm.

The tender offer is part of a series of transactions that involve the US company’s intention to buy all the outstanding shares of the Ci:z.

This includes a separate transaction that will see Johnson & Johnson acquire the shares of the Ci:z held by CIC, which is the ownership vehicle of the company’s founder, Dr Yoshinori Shirono.

This acquisition adds to series of deals in the cosmetics segment in Asia in the recent years. French firm L’Oreal agreed to acquire South Korean makeup firm Nanda in May; and Unilever acquired cosmetics firm Carver Korea for $2.7bn in 2017, reported Reuters.

Estee Lauder, LVMH and also made investments into South Korean cosmetics firms.

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